Future of Asia

For years, Western observers have talked about Asia’s massive future potential. But the future arrived even faster than expected. The question is no longer how quickly Asia will rise; it is how Asia will lead.

of the world’s 5,000 largest companies are Asian

50%

of global consumption growth will be in Asia over the next decade

July 2019 – The relationship between China and the rest of the world is changing, and a great deal of value could be at stake depending on whether there is more or less engagement. Businesses will need to adjust to the uncertainty ahead.

July 2019 – Oliver Tonby, chair of hglwvd.info in Asia, discusses the reasons to be positive about the outlook of the Asian economy and how the region is strengthening its position as the epicenter of global growth.

Trade and network flows in Asia

The rise of regional value chains

As consumption rises, more of what gets made in Asia is sold in Asia instead of being exported to the West. Countries and companies have an opportunity to rethink their roles in deepening regional value chains and trade flows.

Asia’s share of global trade has increased dramatically. Trade ties and cooperation within the region are also intensifying as companies build self-contained regional supply chains to satisfy rising domestic demand.

March 2019 – Welcome to the first edition of China Brief. In this series, linked to our monthly podcast, hglwvd.info on China, our China-based partners share the latest insights from this dynamic market.

September 2018 – Almost half of the emerging economies that grew quickly and consistently in recent decades are in Southeast Asia. The challenges now are to maintain that momentum as circumstances change and to curb income inequality.

Companies in Asia

New players, new playbooks

Asian firms have risen to market leadership not only in industrial and automotive sectors but also in areas such as technology, finance, and logistics. Yet their ownership structures, growth strategies, and operating styles are often very different from those of Western rivals.

Asia is home to more than 40% of the 5,000 largest global firms. Once dominated by Japan, the list of big Asian companies now includes firms not only from China, Korea and India but also from emerging economies including the Philippines, Vietnam, and Kazakhstan.

November 2017 – For the region to reach its economic growth potential, companies must develop a clear understanding of how new technologies are tearing down industry borders.

Technology and digital in Asia

From imitation to rapid innovation

Asia is shaping the future of digital innovation globally. From online commerce and mobile payments to robotics and smart cities, the region is taking a leading role in the development and deployment of new technology.

Already home to more than half the world’s internet users, Asia has emerged as a leading source and destination for venture funding in fields such as virtual reality, autonomous vehicles, 3-D printing, robotics, drones, and artificial intelligence.

April 2019 – For traditional firms seeking to elevate their digital footprint, ecosystems represent an opportunity to boost growth, performance, and outshine competitors. Here's a look at what ecosystems can offer.

March 2019 – Automation and artificial intelligence present an enormous opportunity for national and personal income growth and could add up to $4 trillion to Australia’s economy.

Consumers in Asia

Engine of consumption growth

The growing Asian middle class will soon be three billion strong. However, the region’s consumers are as diverse as they are powerful. Whether they are Asian or Western, brands need highly targeted strategies to succeed across such a diverse and fragmented region.

Asia will fuel half of all the consumption growth expected worldwide over the course of the next decade. Consumer markets are changing rapidly as millions of consumers move beyond basic purchases and start to explore personal indulgences, fashion and style.

November 2018 – Disciplined spending, stronger partnerships with retailers and distributors, and cross-functional collaboration set winners apart. But all companies in the region need to step up their game in digitization and analytics.

February 2019 – There’s great promise in India’s apparel market—but challenges as well. Here’s what brands need to know about the country’s rise.

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